Antonia Bance

Antonia Bance

Labour — Tipton and Wednesbury

Speaking in the House of Commons on 14 October 2026

Debate

Inheritance Tax

Contribution

Has my hon. Friend taken a moment to work out the example put forward by one Conservative Member of the £3.5 million-worth of assets belonging to a family business in his constituency? After taking into account the threshold of £2.5 million and the further £1 million of assets, the actual inheritance tax due by that business is £20,000. That will be what is payable—£20,000 per year for 10 years, an amount that ought to be manageable for a business with £3.5 million-worth of assets. Does my hon. Friend agree that the Minister has set out why this tax is important to rebuilding the public finances?

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